The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-05-11

devisofy Declarations shall be void,
| and his benefit accrue as provided In
section 2, A, re'ating to married mem
bers.
SEC. 8, @. An unmarried member
not having any legal Distribute, as
provided in sections IA, B, @, d, and
falling to devise his benefit by q legal
declaration, such benefit shall be paid
TO the lodge Of which he was q mem
Der at the time OF bis death.
SIC. 8. The secretary Of alodge upon
receipt of the quarterly payments
named in the preceding section, shall
Immediately pay the same over 10
three trustee, to be elected by the
lodge and to be known as the trustees
OF the endowment fund Of District No.
Z. Said trustees shall be elected at the
last meeting in June Of each year for
the term of m year aud shall serve
until their SUCCESSORS are elected and
qualified. Any officer snd member OF
the lodge Is eligible as such trustee.
SEC. 10. The three trustees named
In the preceding section shall, upon
their election, select a chairman, who
shall be the custodian of the fund, and
who shall execute a bond with two or
more good and sufficient suretiee, pay
able TO the District Grand Lodge No.
7, /. o B. B., for the faithful perform
snce Of his duty, in a sum equal to
double tho estimated amount OF the
fund during his term Of Office, and the
remaining four trustees shall furnish a
like bond in the sun OF $500 each.
Said bond shall be read aud approved
in open lodge by a two-thirds vote of
those present, and shall also be ap.
proved by and deposited with the
Central Board Of Endowment Trustees.
1t shall be the duty of the trustees to
receive from the secretary the quar-
terly endowment dues to the district
endowment fund of District No. 7, Civ
ing to such officer duplicate receipts
therefor. They shall pay from euch
fund, upon a voucher drawn by the
secretary of the lodge, countersigned
by the president, the assessments
hereinafter provided. They shsll in
vest all moneys of the district endow-
ment fund of District No. 7 in solvent
loans and securities bearing in
terest not exceeding the legal rate. No
plan or investment shall be made by
the trustees except a. a meeting Of the
trustees, to he called by the chairman
or acting chairman, to consider the ex-
pediency OF making said loan or TO-
vestment. AT such meetings two
members shall constitute a quorum.
No loan or investment shall be made
without the concurrence OF at least
two members OF the board present at
such meetings. Such loans or invest
ments shsll, however, be subject to
the supervision aud approval Of the
Central Board OF Endowment Trustees.
AT the end Of each lodge term, to.wit:
On the first day OF January and July
Of each year, they shall make a de-
tailed report in writing, signed by
their chairman, and verified, under
the sea of the lodge, by the president
and secretary Of his lodge, and for
warded to the secretary OF the District
Grand Lodge. Said reports shall de-
tail receipts and disbursements by
date, aud state the nature and amount
of assets in their hands in cash and
securities.
SEC. ii. The Central Bard Of En-
dowment Trustees shall consist Of five
members OF this District Grand Lodge,
who shall be- elected by the District
Grand Lodge to serve for ore, two,
three, four end five years, respective
ly, and at each subsequent annual
meeting one trustee shall be elected
for Eve years. Three trustees must
ha radiant mamhara nj tho aaat nj the